BOJ Raises Economic Forecasts and Keeps Policy Unchanged

The Bank of Japan raised its economic growth forecasts on Tuesday, but kept its policy stance unchanged, as was widely expected in its latest policy review.



The central bank raised its gross domestic product (GDP) forecast to 1.4 percent for the current fiscal year, from its previous forecast, made in October, of 1.0 percent growth. For fiscal 2017, it raised its economic growth forecast to 1.5 percent, from 1.3 percent, and for fiscal 2018, it raised its forecast to 1.1 percent, from 0.9 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza